- Pan-United is the largest domestic ready-mix concrete supplier with a 40% market share, along with operations in Malaysia, Vietnam and Indonesia. Initiate coverage on Pan-United with BUY. We expect Pan-United’s 2024-26 core earnings to grow by 18-26%, driven by strong demand for cement and concrete.
- - Read this at SGinvestors.io -
Ready-mix concrete supplier specialising in low-carbon concrete technologies.
- With an around 40% domestic market share, Pan-United Corporation (SGX:P52) is a market leader in cement and concrete supply providing a diverse range of concrete types, and boasts an industry-leading position in low-carbon concrete technologies.
- - Read this at SGinvestors.io -
- Pan-United also provides digital solutions for construction companies, earning higher-quality recurring revenue.
- Backed by an increasing number of public and private infrastructure projects, Pan-United is a strong proxy to Singapore’s growing construction demand.
Strong construction pipeline and RMC growth to drive revenue and earnings.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Llelleythan Tan UOB Kay Hian Research | Heidi Mo UOB Kay Hian | https://research.uobkayhian.com/ 2024-06-20
Price targets by other brokers at Pan United Target Prices.
Listing of research reports at Pan United Analyst Reports.
Relevant links:
Pan United Share Price History,
Pan United Announcements,
Pan United Dividends & Corporate Actions,
Pan United News Articles
